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Subsequent Events
9 Months Ended
May. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events
22. Subsequent Events
On July 9, 2015, WBA amended the 364-Day Credit Agreement to remove Walgreens as a borrower thereunder, eliminate Walgreens’ guarantee of all obligations of Walgreens Boots Alliance thereunder and make certain conforming changes to effectuate those modifications, including modifications and deletions of certain definitions and cross-references (collectively, the “Amendment”). The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, attached hereto as Exhibit 10.1, and incorporated herein by reference.
 
In addition, pursuant to the indenture, dated as of July 17, 2008 (the “Indenture”), between Walgreens and Wells Fargo Bank, National Association, as trustee (the "Trustee"), on July 9, 2015 notices of redemption were given to (i) holders of 1.800% unsecured notes due 2017 (CUSIP No. 931422AJ8) (the “2017 Notes”) and (ii) holders of 5.25% unsecured notes due 2019 (CUSIP No. 931422AE9) (the “2019 Notes”), in each case, issued by Walgreens under the Indenture. As a result, on August 10, 2015 (the “redemption date”), the 2017 Notes in the aggregate principal amount of $1.0 billion will be redeemed in full and $750 million aggregate principal amount of the 2019 Notes will be redeemed. The partial redemption of the 2019 Notes will result in $250 million aggregate principal amount of 2019 Notes remaining outstanding immediately after the partial redemption is completed. The redemption price with respect to each of the 2017 Notes and 2019 Notes will be equal to 100% of the aggregate principal amount of such notes to be redeemed, plus an applicable premium, plus accrued interest thereon to, but excluding, the redemption date. On and after the redemption date, the notes to be redeemed will no longer be outstanding and interest will cease to accrue thereon.
 
Upon completion of the redemptions described above, the aggregate outstanding principal amount of Capital Markets Indebtedness (as defined), including the Existing Notes (as defined), and Commercial Bank Indebtedness (as defined), in each case, of Walgreens will be less than $2.0 billion and Walgreens will not guarantee any Capital Markets Indebtedness or Commercial Bank Indebtedness, in each case, of WBA. As such, Walgreens’ guarantee of the WBA notes (as described above) will automatically terminate, and the obligations of Walgreens under the Walgreens guarantee will be unconditionally released and discharged.

This report does not constitute a notice of redemption with respect to or an offer to purchase or sell (or a solicitation of an offer to purchase or sell) any securities.
 
Additionally, on July 9, 2015, Walgreens Boots Alliance announced that it had acquired Liz Earle Beauty Co. Ltd, owner of the Liz Earle skincare brand.